1007 Union Blvd, Allentown, PA 18109
- $749,900
Listing courtesy of Keller Williams Real Estate - Allentown. Contact: 6104351800
- List Price
- $749,900
- Price Change
- ▼ $49,100 1781566114
- Days on Market
- 244
- Status
- ACTIVE
- MLS#
- PALH2014304
- Lot Size (Acres)
- 0.2
- Year Built
- 1959
- County
- Lehigh
- School District
- Allentown
Property Description
Investment opportunity available for sale. This +/- 4,228 SF building is occupied by the district court for a 5-year lease with a 5-year option, on a gross lease with yearly increases. The existing tenant has completed 5 years and has signed another long-term lease, with no plans to move. The building was fully renovated 5 years ago and is meticulously maintained by the landlord—great investment for 1031 Exchange, or Cash buyers. Located on busy Union Blvd, just minutes from the upcoming $425 million Waterfront development — a vibrant 29-acre project on the Lehigh River’s western bank. This exciting project will feature Class A office buildings, upscale apartments, restaurants, and green spaces — all poised to boost foot traffic and business growth. The property is zoned B-3 Highway Business, which allows many uses or redevelopment once the remaining term expires. Call today for more information
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Additional Information
- Area
- Allentown City (12302)
- Taxes
- $13057.35
- School District
- Allentown
- Heating
- Central
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer